TH International Limited (NASDAQ:THCH) Sees Large Increase in Short Interest

TH International Limited (NASDAQ:THCH) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 338,200 shares, a growth of 27.9% from the March 31st total of 264,400 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily volume of 393,900 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in TH International stock. Zazove Associates LLC lifted its stake in shares of TH International Limited (NASDAQ:THCH) by 6.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,091,079 shares of the company’s stock after acquiring an additional 62,492 shares during the period. Zazove Associates LLC owned 2.53% of TH International worth $1,975,000 as of its most recent SEC filing. Institutional investors and hedge funds own 91.85% of the company’s stock.

TH International Stock Up 1.8 %

TH International stock opened at $1.14 on Friday. TH International has a 12-month low of $0.84 and a 12-month high of $4.91. The firm’s 50-day moving average is $1.20 and its two-hundred day moving average is $1.53.

TH International (NASDAQ:THCH) last announced its quarterly earnings data on Thursday, April 18th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $55.10 million for the quarter. TH International had a negative return on equity of 1,859.11% and a negative net margin of 55.72%.

About TH International

TH International Limited operates Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. The company is based in Shanghai, the People's Republic of China. TH International Limited is a subsidiary of Tim Hortons Inc